PPP Loan Data — Schuster Co., Le Mars, IA
Location: Le Mars, IATweet This • Search All PPP Data
Schuster Co. is a corporation located at 2605 Lincoln Ave Sw in Le Mars, Iowa that received a Coronavirus-related PPP loan from the SBA of $4,553,100.00 in April, 2020.
The company has reported itself as a White male owned business.
$ PPP Loan Information
Jobs Retained:0 Unreported
Schuster Co. received a Paycheck Protection Loan of $4.55M through CENTRAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Schuster Co.'s total 2019 payroll expenses were approximately $21.85M in order to qualify for the PPP loan amount received.
Unlike most businesses, Schuster Co.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Schuster Co. in Le Mars, IA
2605 Lincoln Ave Sw
Le Mars, IA 51031
Specialized Freight (except Used Goods) Trucking, Long-Distance (NAICS code 484230)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: IA-04
Similar Companies near Le Mars
In the Le Mars area, 2 businesses in the "Specialized Freight (except Used Goods) Trucking, Long-Distance" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 0) and received an average PPP loan of $2,281,250 (compared to this company's $4.55M).
Similar Nearby Businesses Who Received PPP Funding:
Niehus Trucking Inc.
Le Mars, IA
Industry PPP Comparison Statistics
Nationwide, 7,881 businesses in the "Specialized Freight (except Used Goods) Trucking, Long-Distance" industry received a total of $718,172,322.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 7 employees, and received an average PPP loan of $91,127, 98% lower than this company's loan of $4.55M.
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Footnotes & Information
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